Newspaper companies fall with Gannett

DavidB. Wilkerson

CHICAGO (MarketWatch) -- U.S. newspaper publishing stocks fell in sympathy with Gannett Co.
GCI, -1.09%
after Gannett's report of lackluster third-quarter results hampered by ongoing declines in advertising results across many categories. Gannett was down 9%; New York Times Co.
NYT, -0.83%
gave up nearly 6%; McClatchy Co.
MNI, -2.95%
fell 5.3%; and E.W. Scripps Co.
SSP, -1.20%
slipped 2.2%. The newspaper industry has not seen gains in print advertising since the second quarter of 2006, despite increased digital revenues in recent quarters.

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